Three ASX penny stocks with market caps over A$100M have caught the attention of investors. These stocks, despite being classified as penny stocks, have shown significant growth potential. With market caps exceeding A$100M, these companies are no longer considered small-cap stocks.
Investors are keeping a close eye on these penny stocks as they continue to outperform expectations. While penny stocks are typically associated with high volatility, these three companies have managed to establish themselves as strong players in the market.
It is important to note that investing in penny stocks carries a higher level of risk compared to investing in larger, more established companies. However, for investors looking to diversify their portfolios and potentially reap high returns, these ASX penny stocks with market caps over A$100M may present an attractive opportunity.